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09.19.02.04 - Board for Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors - Pending Regulations

 

PROPOSED ACTION ON REGULATIONS
MARYLAND REGISTER, VOLUME 39, ISSUE 20,
FRIDAY, OCTOBER 5, 2012

Title 09 DEPARTMENT OF LABOR, LICENSING, AND REGULATION

Subtitle 19 COMMISSION OF REAL ESTATE APPRAISERS, APPRAISAL MANAGEMENT COMPANIES, AND HOME INSPECTORS - REAL ESTATE APPRAISERS

09.19.02 Educational Requirements

Authority: Business Occupations and Professions Article, §§16-216, 16-220, 16-309, and 16-511, Annotated Code of Maryland

Notice of Proposed Action
[12-269-P]

The Commission of Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors proposes to amend Regulation .04 under COMAR 09.19.02 Educational Requirements. This action was considered at a public meeting of the Commission held on December 14, 2010, notice of which was given in 37:25 Md. R 1772 (December 3, 2010) pursuant to State Government Article, §10-506(c), Annotated Code of Maryland.

Statement of Purpose

The purpose of this action is to establish a maximum number of continuing education hours that an appraiser may acquire in one calendar day. This action is being proposed in response to the Commission's determination that some appraisers have been issued certificates of completion for online courses that reflect significant inconsistencies between the number of hours granted versus the number of hours the applicant actually spent taking the course. This action is sought to enhance the primary intent of continuing education, and to encourage the mastery and fluency of the material covered in a course.

Under the provisions of Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989, the Appraiser Qualifications Board (AQB) establishes the minimum education, experience and examination requirements for real property appraisers. At the request of and as a service to state appraiser regulatory agencies and providers of real estate appraisal education, the AQB established a Course Approval Program (CAP) to offer a voluntary national system for the approval of real property appraisal courses of instruction that satisfy the education criteria established by the AQB for the licensure and certification of real estate appraisers. The Commission voluntarily recognizes all appraisal courses that are approved through the AQB CAP. This proposed action is consistent with the AQB CAP course scheduling policy which requires a course owner to have an established policy that provides for a maximum of 8 classroom hours of instruction in any given day.

Comparison to Federal Standards

There is no corresponding federal standard to this proposed action.

Estimate of Economic Impact

The proposed action has no economic impact.

Economic Impact on Small Businesses

The proposed action has minimal or no economic impact on small businesses.

Impact on Individuals with Disabilities

The proposed action has no impact on individuals with disabilities.

Opportunity for Public Comment

Comments may be sent to Patti Schott, Administrator, Commission of Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors, 500 N. Calvert Street, Baltimore, MD 21202, or call 410-230-6165, or email to pschott@dllr.state.md.us, or fax to 410-333-6314. Comments will be accepted through December 3, 2012. A public hearing has not been scheduled.

Open Meeting

Final action on the proposal will be considered by Commission of Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors during a public meeting to be held on December 11, 2012, at 10:30 a.m., at 500 N. Calvert Street, Baltimore, MD 21202.

.04 Continuing Education.
A.- E. (text unchanged)
F. The Commission may grant a licensee or certificate holder no more than 8 hours of credit for instruction per day for courses of continuing education.

GEORGE FAIR
Chairman
Commission of Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors